The table above gives the total revenue and total cost for a perfectly competitive firm producing chocolate chip cookies. If the firm is producing 4 pounds of cookies, to maximize its profit it will
A) increase its output.
B) decrease its output.
C) continue producing 4 pounds of cookies.
D) shut down.
B
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Which of the following is a part of the Global Legal Settlement of 2002?
A) The establishment of a Public Company Accounting Oversight Board (PCAOB) to supervise accounting firms and thus insure that audits are independent and controlled for quality. B) Increased penalties for white-collar crime and obstruction of official investigations. C) Requires a CEO and CFO to certify that periodic financial statements and disclosure of the firm are accurate. D) Requires investment banks to make public their analysts' recommendations.
Which of the following is true?
a. Items that supply the nation's currency to the foreign exchange market are recorded as credits in the nation's balance of payments accounts. b. Items that create a demand for the nation's currency in the foreign exchange market are recorded as debits in the nation's balance of payments accounts. c. The purchase of a BMW from a German automaker by a U.S. college professor would be recorded as a debit in the U.S. balance of payments accounts. d. Both a. and b. are correct.
Harry decides to buy shares of Oscorp Inc based on the rumor that the price of the shares will rise in the future. This illustrates the theory of adaptive expectations
a. True b. False Indicate whether the statement is true or false
The marginal revenue of a monopolist falls below price because the firm
A. Has an upward-sloping marginal cost curve. B. Confronts a downward-sloping demand curve. C. Faces a market demand curve that is inelastic. D. Is not limited by market demand.